VMware, Inc. (NYSE:VMW) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC increased its stake in VMware, Inc. (NYSE:VMW) by 154.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,195 shares of the virtualization software provider’s stock after purchasing an additional 725 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in VMware were worth $200,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC raised its position in VMware by 20.8% in the first quarter. Flagship Harbor Advisors LLC now owns 493 shares of the virtualization software provider’s stock worth $88,000 after acquiring an additional 85 shares in the last quarter. Parallel Advisors LLC raised its position in VMware by 26.2% in the first quarter. Parallel Advisors LLC now owns 458 shares of the virtualization software provider’s stock worth $83,000 after acquiring an additional 95 shares in the last quarter. Nisa Investment Advisors LLC raised its position in VMware by 0.3% in the first quarter. Nisa Investment Advisors LLC now owns 30,320 shares of the virtualization software provider’s stock worth $5,473,000 after acquiring an additional 100 shares in the last quarter. Suntrust Banks Inc. raised its position in VMware by 8.1% in the fourth quarter. Suntrust Banks Inc. now owns 1,536 shares of the virtualization software provider’s stock worth $210,000 after acquiring an additional 115 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in VMware by 20.4% in the second quarter. Bessemer Group Inc. now owns 744 shares of the virtualization software provider’s stock worth $125,000 after acquiring an additional 126 shares in the last quarter. 17.97% of the stock is owned by institutional investors and hedge funds.

NYSE VMW traded down $14.72 on Friday, hitting $162.68. 2,756,556 shares of the company were exchanged, compared to its average volume of 1,126,794. The company’s 50 day moving average price is $172.32. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 7.57. The company has a market cap of $71.40 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 2.69 and a beta of 0.81. VMware, Inc. has a twelve month low of $129.33 and a twelve month high of $206.80.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, May 30th. The virtualization software provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.42. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.25 billion. VMware had a return on equity of 36.48% and a net margin of 21.50%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. Equities research analysts expect that VMware, Inc. will post 4.87 earnings per share for the current fiscal year.

In other VMware news, CEO Patrick P. Gelsinger sold 20,000 shares of VMware stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $180.00, for a total transaction of $3,600,000.00. Following the transaction, the chief executive officer now owns 445,214 shares of the company’s stock, valued at approximately $80,138,520. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 22,579 shares of VMware stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $175.21, for a total value of $3,956,066.59. Following the transaction, the chief financial officer now directly owns 166,974 shares in the company, valued at approximately $29,255,514.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,053 shares of company stock worth $14,639,696. Company insiders own 28.80% of the company’s stock.

Several equities research analysts have commented on VMW shares. BMO Capital Markets boosted their price target on shares of VMware from $195.00 to $198.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Maxim Group reiterated a “hold” rating on shares of VMware in a research report on Friday, May 31st. Jefferies Financial Group boosted their price target on shares of VMware from $203.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Citigroup boosted their price target on shares of VMware from $201.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Cleveland Research reiterated a “buy” rating on shares of VMware in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $192.23.

VMware Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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